KOSPI Surge Brings 12,000-Point View as Chip Leaders Extend Rally

KOSPI has surged recently on strong gains in major semiconductor stocks, putting investor attention on when to sell and how much upside may remain. During the rapid advance, a sidecar was triggered, and SK hynix’s market capitalization reportedly overtook that of U.S. chipmaker Micron. Forecasts from global brokerages have also moved higher. After Goldman Sachs raised its KOSPI outlook, JPMorgan presented a target of 10,000 points. Hyundai Motor Securities went further, saying 12,000 is possible. The fast rally by Korea’s two leading chip stocks is lifting expectations for the index, while investors are also showing growing concern over selling timing after the sharp short-term rise. Source: mk.co.kr